LONDON Private equity fund HitecVision and Omani oil group Petrogas have teamed up to buy a portfolio of Total's British North Sea oilfields for $635 million, the companies said on Wednesday.
LONDON Private equity-backed oil and gas producer Siccar Point is testing the waters for its potential sale later this year, hoping to attract interest for its mostly untapped North Sea resources, industry and banking sources said.
LONDON/PARIS Israel-focused gas driller Energean has emerged as the front-runner in the race to acquire Italian energy group Edison's oil and natural gas unit, two sources directly involved in the deal said.
LONDON/PARIS, July 3 Israel-focused gas driller
Energean has emerged as the front-runner in the race to
acquire Italian energy group Edison's oil and natural
gas unit, two sources directly involved in the deal said.
LONDON Iraq has temporarily suspended Petrofac from bidding on new contracts, although existing deals are not affected, the head of an Iraqi state oil firm said on Thursday.
LONDON OPEC is expected to roll over a deal on cutting supplies at a meeting next week and discuss deepening the curbs that have been in place since Jan. 1, Iraq's oil minister on Thursday.
LONDON, June 26 Britain's Tullow Oil has
delayed the final investment decision (FID) for its Kenya
project to 2020 and has not yet sealed a tax deal in Uganda that
is needed for the progress of its plans there with Total
, it said on Wednesday.
* Graphic on U.S. stockpiles: https://tmsnrt.rs/2XkQF8e
LONDON Europe's oil and gas sector is building up a crowded pipeline for stock market flotations, but investor appetite is limited given painful experiences after the last oil price crash and a backlash against fossil fuels.
LONDON BP is again seeking buyers for its stake in the Shearwater oilfield in the British North Sea after talks with Royal Dutch Shell fell through, industry and banking sources said.